How can businesses make informed, data-driven decisions to get the most out of their energy usage?
In today’s fast-paced environment, businesses need to take steps beyond the procurement of electricity and natural gas to utilize advanced services that enhance energy management, tracking, and sustainability. The most effective way to accomplish this is by having a qualified energy expert consider your organization, its operations, energy consumption, costs, demand, objectives, and opportunities.
Once the expert has been able to compile, organize, and analyze key data points to gain a complete view of your energy profile, the next step is to bring the expert onsite to conduct a holistic energy assessment from which functionally and financially vetted solutions can be presented to reduce costs, reduce demand, and improve resiliency and sustainability. Many times, this includes modernizing old systems and equipment to increase efficiency as well as lessen environmental impact; however, these customized recommendations should be designed to better facility operations while consuming less energy.
A focus on demand cost reduction solutions is a powerful, data-driven way to get the most out of an organization’s energy usage. Businesses are not only being charged for how much energy they are using, but when they are using it. By allowing an expert to adopt a systems approach in analyzing how, when, and why energy is used, solutions can be implemented to use energy more efficiently and reduce the demand portion of an energy bill.
In addition, there are programs for which businesses can receive compensation and potentially reduce capacity tags by agreeing to curtail energy usage during times of peak energy demand such as the hottest and coldest days of the year. Companies may also spread their load-reduction across multiple locations, maximizing financial incentives and contributing to grid reliability.
A hands-on and proactive option for businesses is the use of a utility bill management system. Through a web-based portal system, energy usage can be monitored over time. Energy benchmarks for facilities can be set, while alerts for anomalies, greenhouse gas emissions, and interval data reports can all be tracked. This type of reporting is vital for businesses with multiple facilities or for heavy power users and can determine areas where businesses can improve. Additional benchmarks can be set for non-energy utility uses such as water, waste, sewage, recycling, and landscaping, which can contribute to the management of the bottom line.
Margo Madden is a member of the Chamber’s Greater Philadelphia Energy Action Team (GPEAT) which brings together 150+ industry leaders committed to delivering affordable energy solutions that will benefit the current families and businesses living and operating in Greater Philadelphia while attracting new development and growth opportunities.
Networking for the Energy Economy: An Energy Action Team Event
Thursday, February 27, 2020 | 5:30 – 7:00 p.m.
Join GPEAT for beer, wine, and hors d’oeuvres at this exclusive networking gathering. Connect with leaders and executives from diverse industries committed to the region’s energy economy. This event is open to all employees of GPEAT member companies.